WayneRecruiter Since 2001
the smart solution for Wayne jobs

Mortgage Document Coordinator

Company: Valley Bank
Location: Wayne
Posted on: May 15, 2023

Job Description:

The Mortgage Document Coordinator will validate the accuracy of information passed from the LOS to the MISER system for new first and second residential mortgage loans; make system corrections as needed. Follow-up and assist with the monitoring of corrections and/or re-recording of collateral documentation. Responsibilities include but are not limited to:

  • Review new loans passed from the Mortgage Department's loan origination system to MISER for accuracy of information within prescribed timeframes after loan boarding.
  • Make changes to MISER as needed and as supported by the original loan documentation. Interacts with investors ensuring documentation is correct and complete.
  • Ensure proper follow-up and filing of original loan documents, Note, recorded Mortgage, Title Policy and Assignments, within the prescribed timeframes to complete the Collateral files.
  • Assist with the follow-up on corrective documentation sent to borrowers and/or settlement agents.
  • Receive, prepare and submit Post Funding Audit requests to Fannie and/or Freddie Mac and PMI companies within the prescribed timeframes.
  • Interview borrowers who are applying for a modification, assumption, re-amortization, or partial release of an existing first residential mortgage loan.
    • Review the submission package to ensure completeness, viability and compliance with established guidelines. Communicate with borrowers whose packages are incomplete and secure the missing documentation.
    • Prepare and submit packages to the Mortgage Servicing Manager for review and approval, denial or counter-offer. Preparation of documentation supporting management's decision.
    • Ensure finalized documentation is retained in loan files or delivered timely to Custodians for GSE's.
    • Assist with the preparation and submission of external home equity subordination requests.
    • Assist in the preparation of daily, weekly and monthly reports.

Keywords: Valley Bank, Wayne , Mortgage Document Coordinator, Other , Wayne, New Jersey

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest New Jersey jobs by following @recnetNJ on Twitter!

Wayne RSS job feeds